Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Bonds Surge After Bad Jobs Report

Matthew BoeslerAug 2, 2013, 18:04 IST

The July nonfarm payrolls report just came in well below expectations.

162,000 nonfarm payrolls were created in July, versus Wall Street's consensus estimate of a 185,000 gain.

In the wake of the release, Treasuries are soaring, and yields are plunging.

The yield on the 10-year Treasury note is 8 basis points lower from yesterday's close at 2.63%.

The chart below shows the move in 5-year U.S. Treasury futures.

Thinkorswim